Reality Setting in on Zero Percent Interest Rate Policy

Santa Fe New Mexican - Educational employees across the state can weigh in during the coming weeks on a half-dozen proposals that would change retirement benefits for teachers and professors. The Educational Retirement Board will hear public input in Santa Fe on Nov. 14, ahead of a Nov. 21 meeting to vote on the proposals. The meetings come as the retirement board is working to reduce an unfunded liability of about $6 billion, benefits it has promised to current and upcoming retirees. The pension plan has a funded ratio of about 62 percent, which it hopes to boost to about 80 percent by 2030. "The longer we wait to make the changes, the more drastic the changes will be in the future," board Director Jan Goodwin said Wednesday. Read full story here: News New Mexico

Reality Setting in on Zero Percent Interest Rate Policy